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PRAXIS Praxis Business Education: Content Knowledge (5101)Exam Sample Questions:

1. Which of the following is the most effective way for a company to address a service recovery problem?

A) Involving the customer, managers, and frontline employees to address and fix the problem
B) Providing the customer with compensation for the problem, no matter the cost
C) Offering the customer an apology for the problem, and then assuming the issue has been resolved
D) Having only customer service employees deal directly with the customer to solve the problem

2. There arerunny factors of production thatcontribute to the output of a final product. Place thedescriptions below into the appropriate categories.

3. The primary purpose of the income statement of a business is to provide

A) the debt-to-equity ratio of the business on a specific date
B) the financial projections for the business for a specific period of time
C) a listing of accounts receivable and accounts payable on a specific date
D) the financial progress of the business for a specific period of time

4. An example of a core indicator used for reporting state performance of secondary students to Congress is

A) percentage of students considered at risk
B) percentage of campus parental involvement
C) median family income
D) student graduation rate

5. Which of the following is the best example of eminent domain?

A) The state government grants property ownership to homeowners who discover the property line runs through the middle of their home.
B) The state government intends to build a ramp to the highway and takes privately owned land to complete the building project.
C) The local government tells homeowners that they may not build a multifamily dwelling in an area containing only single-family dwellings.
D) The local government lays pipeline beneath the surface of privately owned land.

Solutions: